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HIPPA: The Health Insurance Portability and Accountability Act (HIPPA) enforces data protection regulations specifically for the healthcare industry. Zerto supports MITRE ATT&CK by offering continuous data protection, real-time ransomware detection, and streamlined recovery, helping organizations combat sophisticated threats.
Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption.
A cyberattack can not only result in an operational disruption, but also customer losses, an increase in insurance premiums, lawsuits or fines, credit downgrades, and reputational damage. For example, an earthquake can lead to an uptick in fraud. But those programs would last two years; now we have releases every two weeks.
While traditional industries such as banking, insurance, healthcare, and telecoms have borne the brunt of regulation in the past, todays digital age is fueling a risk in regulation that touches all entities, large or small. Drivers for GRC Without a doubt, the biggest driver for GRC is regulation.
ContinuousImprovement RTO is not a one-time set-and-forget metric. It requires continuous monitoring and improvement. We often see businesses gaining additional insurance coverage with zero increases in premiums based on better RTOs and strategy implementations.
Business continuity is not a project with a finite end; it’s an ongoing process. The organizations that do it right have best-in-class ongoing programs to maintain and continuouslyimprove their plans. The dynamic nature of risks requires constant adaptation to maintain the effectiveness of business continuity plans.
Improve your organization’s overall third-party risk management. For example, they can help with cost reductions, customer satisfaction, and continuousimprovement. Vendor management KPIs benefit your overall business objectives as well. Key Performance Indicators (KPIs) vs. Key Risk Indicators (KRIs).
Traditional BCM is often limited to tactical response plans, perceived simply as “insurance policies” that rarely spark high-level executive engagement. In contrast, a holistic Enterprise Resiliency program encompasses proactive strategies, continuousimprovement… Source
While traditional industries such as banking, insurance, healthcare, and telecoms have borne the brunt of regulation in the past, todays digital age is fueling a risk in regulation that touches all entities, large or small. Drivers for GRC Without a doubt, the biggest driver for GRC is regulation.
An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge. Investment firms assess risks to determine where and how to invest their client's money. They are never tested or exercised.
Client or customer demands – depending on the type of services an organization provides to its clients, it may be mandated to implement business continuity and IT disaster recovery plans. Business insurance needs – some business interruption policies are requiring organizations to implement business continuity programs.
This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.
This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.
This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. If you work with a cyber insurance provider, ask them for your organization’s risk assessment report and how they can help you improve your cyber hygiene. Upholding good cyber hygiene.
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